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1927 E Crocus Drive, Phoenix, AZ 85022

Phoenix
Local realty services provided by:CENTURY 21 Desert Estates Realty
1927 E Crocus Drive,Phoenix, AZ 85022
$850,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: linda s gerchick
Office: gerchick real estate
MLS#:6971140
Source:ARMLS

Price summary

  • Price:$850,000

About this home

Turn-Key, Hands-Off Investment with Proven Operator | Phoenix, AZ This is a rare, fully leased, NNN investment opportunity ideal for investors seeking predictable cash flow with zero day-to-day landlord responsibilities. The property is a 4-bedroom, 3-bathroom home with a pool, operating successfully as a licensed transitional housing facility with a strong, experienced tenant and documented operating history. The Seller has invested approximately $40,000 in recent upgrades, resulting in a modern, well-maintained, and highly functional property. With the tenant fully in place and operations stabilized, this offering is perfect for a truly passive investor. Important to see supplement The property is secured by a 5-year NNN lease at $5,200 per month, with annual rent escalations of $1,200 per year in Years 2 through 5, providing built-in income growth. The lease also includes two (2) additional 5-year renewal options, offering long-term stability and downside protection. Landlord...

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Home facts

  • Year built:1986
  • Listing ID #:6971140
  • Updated:April 24, 2026 at 02:54 PM

Rooms and interior

  • Flooring:Ceramic Tile

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
  • Heating:Heat Pump, Individual Heating

Structure and exterior

  • Year built:1986
  • Construction Materials:Block, Painted, Stucco

Utilities

  • Water:City Franchise, Individual Meter

Finances and disclosures

  • Price:$850,000
  • Tax amount:$2,590 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Free Parking, More Than 1 Parking Space/Unit, Paved
  • Garage:Yes
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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